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Azavea hiring to keep up with growth, new projects in Philly and Toronto

Robert Cheetham, founder and CEO of Philadelphia-based geospatial analysis firm Azavea, is all about good growth. "We hire conservatively. We're not a venture capital funded company. We grow based on cash flow and the amount of business coming in, so there's not much margin for error."

His company is currently in the process of building staff. Some positions have recently been filled, while others are in the resume review stage, and still other positions are yet to be posted.

Azavea has built a strong reputation for merging geographic data with web and mobile software. Its high profile projects include the recently released PhillyTreeMap, which can easily be adapted to any city in the world and was funded by a research and development grant from the USDA; PhillyStormWater, to assist the Philadelphia Water Department's Green Stormwater Management Initiative, and a yet to be launched open source redistricting tool for implementation anywhere in America.

Azavea has just added several administrative and marketing assistants, a Graphic Information System (GIS) Analyst and a web designer. "We have grown every year we've been around," reflects Cheetham. "The last 2 years were relatively slow. Last year was 6 to 7 percent growth. The year before, nine percent. This year we're on track to grow 20 percent."

The secret of Azavea's growth is a mix of spending on business development and marketing through lean times, along with the lucky decision to hire a dedicated grant proposal writer just as the recession began. "We didn't necessarily anticipate the recession," says Cheetham, expanding Azavea nationally as well as internationally, with a recent job for the City of Toronto. "We get a fair amount of federal R&D work," says Cheetham, and while that's not the most profitable sector of the business, it's good for cash flow and pays for research that lays the groundwork for applications that can be adapted to any city or region in the world.

Azavea is always looking for great software engineers, a job sector that has remained fairly recession proof. In comparison, administrative job listings yield hundreds of resumes, and as a result, Azavea has developed a tool to select applicants. "We have crafted a questionnaire that requires job seekers to go to our website and look at the projects we do," says Cheetham.

Those who make it to the interview round have a much better take on Azavea's work and environment, and are able to explain exactly why Azavea is the right fit. It's almost like a college application, says Cheetham, who adds that he asks would-be employees where they heard about the job opening, allowing Azavea target the most effective places to advertise. Maybe there's a future app: Azavea Management Map?

Source: Robert Cheetham, Azavea
Writer: Sue Spolan

Science Center welcomes five early stage companies in lifesci, investment, and medical devices

Days before longtime tenant BioNanomatrix announced its move to San Diego, the University City Science Center recently welcomed five new companies, and continues to be an incubator for both startups as well as international companies wishing to establish a U.S. base and national companies hoping to move into the Philadelphia market.

The new tenants include life science companies Longevity Biotech, Claremont, and Epitek, Inc.; investment firm Karlin Asset Management; and Parsortix, Inc. a French company that specializes in the transportation and medical equipment sectors.

Scott Shandler is co-founder of Longevity along with Dr. Sam Gellman of the University of Wisconsin. "Longevity develops market leading, novel therapeutics for both rare and widespread diseases," explains Shandler, who has a dual background in finance and biochemistry.

Longevity's primary product is the proprietary Hybridtide platform, developed at Gellman's academic lab in Wisconsin, enables the development of new therapies to treat a range of diseases including primary arterial hypertension, small cell lung cancer, type II diabetes and HIV, according to Shandler. Longevity currently has a contract with Fox Chase Cancer Center. "The exciting science in Dr. Gellman's labs together with the increasing lack of products within the Big Pharma pipelines led me to commercialize this line of work," says Shandler.

Claremont's sole employee is Blandine Chantepie, the U.S. director of sales and business development. Chantepie fell in love with Philadelphia in general and the University City incubator in particular, having already occupied space at SciCenter while working for Claremont parent company Ballina Capital group.

Claremont's two divisions have quite different client bases. Its medical device division manufactures a laser for dental use. "They have been selling around the world, and are strong in Europe and Korea," says Chantepie. Now the company wants to make inroads into the U.S market. Already past the hurdle of FDA approval, it's just a matter of setting up a sales and distribution network, which is already showing early success. Chantepie cites the proximity of Penn Dental School as a selling point for the company's location.

Calremont's train parts division looks to Amtrak and SEPTA for major contracts, and Chantepie says that Philadelphia's central spot along the heavily travelled Northeast Corridor is ideal. Many of Amtrak's corporate offices are right here in Philadelphia in the floors above 30th Street Station. Chantepie anticipates hiring employees within the next six to twelve months.

The remaining three companies moving into the SciCenter are early stage investor Karlin Asset Management, a Los Angeles based firm with $1 billion in equity capital; life sciences firm Epitek develops treatments for radiation exposure and methods of radiation prevention, and Parsortix is a particle separation company founded in 2006 that is developing applications for stem cells, oncology, pre-natal diagnostics and bacteria.

Source: Blandine Chantepie, Claremont; Scott Shandler, Longevity
Writer: Sue Spolan


Move over ice cream man, Healthy Carts are coming to Philly neighborhoods

Some Philadelphia neighborhoods have no choice about the food residents can buy. Corner stores stocked with sugary and salty processed snacks, Chinese take-out and pizza shops are the only options in many low-income areas of the city. The city's brand new Healthy Carts Initiative offers a solution to food deserts as well as providing employment to vendors.

"The program came out of the Get Healthy Philly Initiative," says Healthy Cart Coordinator Rachel Hynes, who is now accepting applications from individuals and organizations. "We approved the first five applications last week." Ultimately, the goal is to set up 20 vendors in this first pilot year.

Healthy Cart operators receive free small business training, waived fees, a streamlined inspection process and free EBT machines, which allow processing of debit, credit and food stamps/SNAP cards. "We are covering the minimum monthly EBT fees through March," says Hynes.

Vendors will be allowed to sell cut fruit and vegetables, as long as the chopping occurs in an approved kitchen. The initiative is administered by the Office of Food Protection, a division of the Department of Public Health, and the same group that oversees the city's growing fleet of food trucks.

To figure out which areas get carts, says Hynes, the Healthy Carts program employs a GIS (Geographic Information Specialist) who has mapped out the areas which are most in need. It's a matter of finding a balance of where there's a need and where cart owners will be successful, according to Hynes, who used the Green Cart program in New York as a springboard but added more features to the Philly program.

Cart owners can make a living wage, says Hynes, if they are out seven days a week and establish a routine. Vendors need to come up with their own business models and are responsible for sourcing, purchasing, storing and displaying their goods, with training from the city. Healthy Carts plans to partner with local community organizations and recreation centers to promote the new program.

Source: Rachel Hynes, Healthy Carts
Writer: Sue Spolan


Code for America loves Philly, again

Philadelphia has made the cut, and is one of 10 finalists for the 2012 Code for America program. A national initiative that launched last year, Code for America links programmers with city government to create new avenues for civic participation. Philadelphia is a 2011 Code for America city, and Jeff Friedman, Manager of Civic Innovation and Participation for the City of Philadelphia, says Philly is all but assured a back to back nomination for the second year in a row.

Philadelphia's coding project is still in development, and you can get a sneak preview of the tool on June 15 at the Municipal Services Building. Friedman says the fellows began in earnest in January of this year with a month of orientation in San Francisco, returning east to do requirements gathering, meeting close to 200 people, and participating in a hackathon. The program is expected to roll out this fall.

But, you may ask, what does it do? "It helps people get projects done in and outside of government," explains Friedman, who uses as an example his own East Falls neighborhood. "Let's say I want to get a playground for my local park. I start a project with the Code for America tool. Now I am a known quantity and people can join my project. Once I have opened it up to the world, I find that there are actually 37 people who also want to work with me, and I can also locate another 17 people in the city who have been identified as experts in recreational development."

Friedman calls the initiative a revamped version of a public/private partnership that helps compress the life cycle of civic projects. "It's in line with a lot of the work we've been encouraged to do in this administration. We're using a new term, civic fusion, to explain this phase of using Internet tools for localized utility."

Source: Jeff Friedman, City of Philadelphia
Writer: Sue Spolan

Navy Yard's Greater Philadelphia Innovation Cluster hiring five

One of the goals of the Philadelphia Navy Yard-based Greater Philadelphia Innovation Cluster (GPIC) is job creation. And they've got your jobs right here. GPIC, a consortium includes Pennsylvania State University, Philadelphia Industrial Development Corporation (PIDC), Ben Franklin Technology Partners of Southeastern PA (BFTP/SEP), the Delaware Valley Industrial Resource Center, and the Wharton Small Business Development Center, has five available positions spread out among these members.

"This is an early wave," says Christine Knapp, Manager of Public and Client Relations at GPIC, her own position falling under the auspices of Penn State. "These are jobs that are really conducting the work of GPIC."

The available positions are a Post-Doctoral Scholar, an Intellectual Property Associate, a Program Director, a Database Analyst, and an Administrative Assistant. Knapp runs down the details. There has not been as much response to the architectural engineering post-doc scholar, as it is a highly specialized position in which the candidate would be assisting in the research and development of building systems.

The Intellectual Property Associate does not need a law degree; rather, says Knapp, the BFTP/SEP based position would take the lead in the commercialization and deployment task area. "One concern is that intellectual property is correctly managed," says Knapp. "Our companies have sensitive proprietary information, and as they are discovering things and getting them to the marketplace, we need to make sure that people get credit."

The Program Director is specifically associated with the Small Business Development Center of The Wharton School at Penn. "Each of the members is required to have a full time GPIC staff member, and this would be their liaison," explains Knapp.

The Database analyst is actually two positions, both at BFTP/SEP. "We are doing a lot of data gathering," says Knapp. "We're researching building energy use, consumption and performance." The analyst would also draw on existing databases, and ultimately the reports would be sent to the Department of Energy. "We want to be sure that the data is getting integrated and all task areas have access," says Knapp.

Finally, the Administrative Assistant will be working closely with Knapp at the Navy Yard, and ideally should be someone who can handle not only clerical tasks but also logistics, planning events and outreach engagement work. "It would be someone who is interested in moving up and taking on more responsibility," says Knapp, who expects hundreds of resumes. The GPIC positions will remain posted until filled, which is expected to happen around mid-July, but each position has its own timeline.

Source: Christine Knapp, GPIC
Writer: Sue Spolan


FLYING BYTES: SEPTA's TransitView, MAC founder raises $75M, and Phila. Printworks strikes chord

Flying Bytes is a recurring roundup of innovation and quick updates on the people and companies we're covering:

SEPTA launches TransitView

Back in January, we reported that SEPTA was weeks away from launching a real-time, system wide tracking program. The future is finally here. Like SEPTA's TrainView for regional rail, the new TransitView provides live updates on the whereabouts of buses and trolleys throughout the city. Also launched: SMS Transit Schedule Information, allowing customers to receive a text with the next four scheduled trips, and Schedules to Go, a mobile website function that provides information on the next ten scheduled trips.

Shah closes $72 million IPO with Universal Business Payment Solutions

Following a hot tip, we learned that Bipin Shah, creator of the MAC, was seeking $72 million for payments startup Universal Business Payment Solutions. On May 13, UPBS (NASDAQ: UBPSU) got its money. According to Shah's partner Peter Davidson, "we closed on 12 million shares at $6.00 per share. The underwriters have a 45 day option to cover any over-allotments, which they have not exercised to date." Investors include hedge fund magnate J. Kyle Bass, who purchased about 800,000 shares.

Philadelphia Printworks up, running, finding its market

The lovely ladies at the helm of Philadelphia Printworks are going full speed with their new T-shirt business. Co-founder April Pugh reports that most of PPW's customer base has come from custom work, particularly from local indie rock artists. PPW loves its rockers right back and offers a band discount. Pugh says she and partner Ruth Paloma Rivera-Perez are now seeking partnerships with retail outlets and will be selling at upcoming summer festivals.

Specticast expands with EuroArts partnership
Digital entertainment distribution company Specticast continues to widen its reach. The company, which we originally profiled back in April, announced an exclusive partnership with EuroArts, bringing live and pre-recorded events from Berlin's Philharmonie, The Sheldonian Theater at Oxford University, and Madrid's Teatro Real, according to Mark Rupp, SpectiCast president.

Source: Andrew Busch, SEPTA; Peter Davidson, UBPS; April Pugh, PPW; Mark Rupp, Specticast
Writer: Sue Spolan

AlumiFuel maintains its power while seeking capital, government grants

A very common element forms the basis for a breakthrough portable power source. Philadelphia's AlumiFuel Power Inc. has developed a portable power system based on the chemical reaction of aluminum powder and water, according to CEO David Cade.

Using proprietary technology to strip the oxides from aluminum particles, the hydrogen generated is five times the density of a lithium battery, says Cade. "Our particular focus is portable, mobile and remote applications. We do on site, on demand power." The Alumifuel container is prefilled with aluminum powder. "The canister can be stored for years," says Cade. "You don't get hydrogen until you get water." A perfect application of the new fuel source is for the U.S Navy, which will pilot the hydrogen battery to propel unmanned undersea vehicles. Alumifuel is partnering with Ingenium Technologies for the project.

Cade is also excited by PBIS-1000, Alumifuel-powered weather balloons created in partnership with Kaymont Weather Balloons.

While Alumifuel is still "under the radar screen," and taking on a 100 year-old battery industry, Cade looks to continuing partnerships with major players like Ingenium and Kaymont to get the word out about a power source that provides 5-10 times the power of a lithium battery, is in no danger of exploding, and does not rely upon overseas oil and gas supplies.

"No one has ever commercialized this technology," says Cade. "There have been patents for years, but they have all been laboratory curiosities." The early stage company, based at the University City Science Center, is currently valued at under $100,000 and is in late development, early production stage. Cade says his partner, Henry Fong, is currently out raising capital, and if Alumifuel is awarded government grants, Cade and Fong's company could see serious growth.

Source: David Cade, Alumifuel Power Inc.
Writer: Sue Spolan

Green data center at former Bucks County steel mill could create up to 1,100 jobs

On the banks of the Delaware River, a green data center is set to rise from the remains of an old steel mill. David Crocker, CEO of Steel Orca LLC, says that while demand for data centers is growing at about 18 percent per year, supply is growing at only 5 percent every year. With many older data centers becoming obsolete in the face of new technology and increased power requirements, Steel Orca's goal is to build the greenest data center in the world, powered entirely by renewable energy sources. "Three to five percent of all energy generated in the United States goes into data centers. You can appreciate that data centers have a responsibility to be as efficient as possible," says Crocker.

As power density increases, so do cooling requirements. Steel Orca's planned center near Fairless Hills in Bucks County will require 100 megawatts of power, with an ultimate goal of 300,000 square feet of 'white space,' the term coined to describe the area where the servers are located, with a total footprint of 730,000 square feet.

The data center is in now the planning stage. HP has signed on to lead the design and construction team, with help from GE, Gilbane Construction and Villanova University Professor Alphonso Ortega. Ideas in the works include a triple failsafe power system, river water as a cooling mechanism, solar panels and and wind turbine generation.

Crocker terms the future center "a source of technological renaissance in the Delaware Valley," eventually creating 1,100 jobs in Bucks County. Steel Orca has completed a first round of funding with more than 50 investors, and Crocker projects that the first phase of the center, with at least 50,000 square feet of white space, will go online in the second quarter of 2012.

Source: David Crocker, Steel Orca
Writer: Sue Spolan

Do you know where your drugs are? Exton's Absorption Systems has the answer

Maybe you take a couple of different prescription medications. If you don't now, chances are that as you get older, you will. And the interaction between drugs can be a wild card. That's where Absorption Systems rides in like a pharmaceutical cavalry. Based in Exton, the privately held company is a pioneer in the field of pharmacokinetics. As CEO Patrick Dentinger explains, there are two areas of preclinical drug research: pharmacodynamics, or what a drug does to your body, and pharmacokinetics, which is what your body does to the drug. The latter is Absorption Systems' specialty. "The FDA has gotten tougher in trying to understand what a drug does when it hits your body," says Dentinger. The company researches the path that singular and multiple meds take through the body.

In a series of buildings filled with lab coated technicians and millions of dollars of equipment, Absorption Systems is big pharma's first stop on the way to developing a drug that will eventually go to market, perhaps a decade down the line. Many compounds don't even make it out of the research phase, and Dentinger reports that most of the time, pharmaceutical clients do not share the purpose of the proposed drug, just the chemical compound.

Once a compound is submitted to Absorption System's lab, it goes through rigorous testing involving human tissue to simulate the interaction. Absorption Systems grows intestine, liver and skin cells, and out of a scene from the classic Woody Allen film Sleeper, the company has even used human noses (harvested from cadavers) to measure the way a molecule does or doesn't get into a body.

"The industry has changed in general," explains Dentinger, who describes formerly high walls of privacy surrounding pharmaceutical research crumbling in recent years with outsourcing to biotech startups and contract research organizations (CROs) like Absorption.

While Dentinger, whose sole partner is Ismael Hidalgo, does not disclose details of the privately held company's revenue, Absorption Systems is certainly growing, with over 200 customers and 115 employees, a satellite lab in San Diego and direct interaction with the FDA. The company hopes its future proprietary data collection technology can revolutionize the way all scientific research is documented and potentially create a spinoff company.

Source: Patrick Dentinger, Absorption Systems
Writer: Sue Spolan

Lights, Camera, Ice Cream: Little Baby's rides into East Kensington

It's mobile punk rock ice cream with the cutest darn name. Little Baby's is pedaling into Philadelphia, courtesy of three guys who approach the creamery craft like a rousing cymbal crash. Little Baby's makes its debut on May 21, when the fledgling company rolls out its custom built multimedia tricycle at The Kensington Kinetic Sculpture Derby, a fitting location for what is sure to be a steampunk delivery system complete with music, lights and an ingenious regulatory-compliant system that provides hot running water, created by local sculptor Jordan Griska.

Little Baby's flavor roster reads more like a set list for a show, with options that include Earl Grey Sriracha, Balsamic Banana and Cardamom Caramel. And that makes sense, since co-founders Pete Angevine, Martin Brown and Jeffrey Ziga are musicians and artists, not formally trained chefs.

"It's been mind over matter," says Angevine, who is also a drummer. "It's a strange, engaging, intriguing kind of fun."

Based in East Kensington, Little Baby's is already generating buzz, with articles in Zagat's, Meal Ticket and Thrillist. The fledgling outfit has a loose agreement with Pizza Brain, which will provide storage for Little Baby's full offering of twelve to fifteen flavors. At any given time, the Little Baby's trike will offer 6 of those flavors on a rotating basis. Little Baby's will also set up at private parties and events, tricycle optional. And Angevine reports that Green Aisle Grocery, on East Passyunk Avenue, will carry the frozen confection if you need your fix and the trike's not out and about. For up to the minute info on Little Baby's whereabouts, check them out on Twitter and Facebook.

Source: Pete Angevine, Little Baby's Ice Cream
Writer: Sue Spolan

New Philly HQ for medical device firm Echo Therapeutics, hiring 25

Medical device company Echo Therapeutics has set up corporate headquarters in Philadelphia, and plans to hire 25 employees in the next year, according to CEO Patrick Mooney. The company is developing two devices, Prelude and Symphony, which offer a painless alternative to both blood glucose monitoring and drug delivery. The company has just announced the appointment of a CFO, creating a third member of the management team.

Life as a diabetic involves the sight of one's own blood, and a little bit of discomfort every time the needle pierces skin. Now imagine that part of the equation removed, replaced with a needle-free mechanism that can test blood sugar levels transdermally. Echo's Synmphony device gathers information transdermally and transmits it wirelessly.

"The tip looks like a little thimble, and there's a microprocessor inside the device that calculates the level of resistance. The thimble spins, removing dead skin. You don't feel anything, but it stops when it gets to live skin. Now you are literally on top of blood vessels and nerve endings, just microns away from live tissue," explains Mooney, a former surgeon who left medicine to work on Wall Street, and is now marrying his two career paths at the helm of the life sciences startup.

Echo's other device is a transdermal drug delivery system. The Prelude also takes advantage of that exact spot at the juncture of dead and live tissue to get drugs to the body without needles. Right now, the Prelude is being tested with lidocaine, a numbing agent, but the possibilities are vast.

The technology for the Prelude and Symphony was developed at MIT in Massachusetts by Dr. Bob Langer, and the manufacturing side of the business will remain in the Boston area. "I am from Philadelphia originally," says Pat Mooney of the corporate move to this area. "Philadelphia is in a great spot for biotech." Mooney calls the city a sweet spot for his pre-revenue company, citing the proximity of major pharmaceuticals, money managers in New York City, regulators in Washington, DC, and labs in Boston. Echo has just released its first quarter results, showing positive numbers across the board.

Source: Patrick Mooney, MD, Echo Therapeutics
Writer: Sue Spolan

Business leaders name area's top tech companies at PACT Enterprise Awards

It was like swimming in a sea of money. On May 4, The Greater Philadelphia Alliance for Capital and Technologies hosted the 18th Annual Enterprise Awards. About a thousand business leaders and executives attended. Beginning with a VIP reception, the kudos flowed as easily as the cocktails, while down the hall a larger food and drink fest filled with tuxedo and evening gown clad representatives from Philadelphia's top law and finance firms, who networked with the area's best and brightest entrepreneurs and incubators.

Out of 27 nominees, these are the results: the Life Sciences Startup Company award went to CareKinesis, Philly's top Technology Startup Company of 2011 is Monetate, an eCommerce leader that runs websites for Urban Outfitters and QVC; the area's Emerging Life Sciences Company was NuPathe, which works on branded therapeutics for diseases of the central nervous system; SevOne was named Emerging Technology Company, following a 2009 PACT award for Tech Startup, and this year's award for a MedTech Pioneering Company was sewn up by medical device provider Teleflex.

The award for MedTech Product Innovation went to Siemens Healthcare. The venerated Morgan Lewis attorney Stephen M. Goodman received the Legend Award for his many years assisting entrepreneurs; the IT Innovator Award of Excellence went to Lockheed Martin, Information Systems & Global Solutions � Defense, based in Maryland but with offices in King of Prussia. The Investment Deal of the Year went to Safeguard Scientifics for the acquisition of Clarient Inc., formerly in Safeguard's portfolio, purchased by GE Healthcare for $144 million. "It was a spectacular dinner," says attorney Michael Heller, one of the evening's presenters and Chair of Business Law at Cozen O'Connor. "It was wonderful to see such a terrific turnout among the venture capital community. The region is more active today than it was a year ago, and there's more excitement in the air regarding the VC community."

PACT judges named James Walker of Octagon Research Solutions Technology CEO of the Year; Life Sciences Company of the Year was Health Advocate, and ICG Commerce beat out HTH Worldwide and Qlik Tech to win Technology Company of the Year.

Prior to the event, three CleanTech Companies to Watch were named: ElectroPetroleum, NovaThermal Energy, and Viridity Energy. Video of the entire event is available here.

Source: Michael Heller, Cozen O'Connor; PACT Enterprise Awards
Writer: Sue Spolan

Photo : Attorney Stephen M. Goodman

Shorter books, longer life: Wharton Publishing goes digital

With ebooks on the rise, The Wharton School of The University of Pennsylvania has launched Wharton Digital Press. Under the direction of Professor Stephen J. Kobrin, who is also an international economics expert at the school, Wharton is going full speed into the digital world in a partnership with Constellation, a division of the Perseus Books Group, which will handle distribution as well as print on demand requests for hard copies of books.

"I took over Wharton School publications 3 years ago," says Kobrin. "A year ago, a depression hit the market. Given our size, having published 81 books in a seven-year period, we got every excited about digital and ebooks and see it as a tremendous market opportunity which can bring a lot to the school in terms of understanding and participation."

Kobrin says that going electronic allows for the addition of graphics, video and animation.

"We think there is a lot of potential for ebooks, and demand will build over the next few years."

He adds that in addition to the multimedia aspect of electronic publishing, there's a lot of flexibility with book length, and does not think the typical 250 page book is the way to go. "We want authors' ideas expressed exactly in the way they should be." Shorter titles may be ten thousand words; longer books can approach sixty thousand. You might think that authors are all from the Wharton faculty. Not so, says Kobrin, who reports that 60-70 percent of writers will be unaffiliated with the school, but the editorial board is made up of Wharton faculty. Kobrin points to the demise of brick and mortar bookstores, and says that the Digital Press will use all the Wharton name has to offer regarding marketing and promotion, responding to the rapidly changing world of book sales.

Wharton Digital Press will launch three business titles in June, from authors Michael Useem, Peter Fader, and Mauro F. Guillem.

Source: Stephen J. Kobrin, The Wharton School
Writer: Sue Spolan

Malvern biopharma startup Vicept on fast-track to get the red out

Rosacea is not a life threatening condition, but the facial redness of the disorder can be embarrassing enough to make a sufferer want to die. Rosacea is characterized by a red blush, spidery veins and acne-like pustules on the face. The condition may be intermittent or long term. Malvern-based Vicept is a specialty biopharmaceutical startup that has developed a topical cream that treats the most obvious symptom of the facial condition.

"There's nothing right now on the market that's strictly indicated for the treatment of the redness of rosacea," explains Vicept Director, President and CEO Neal Walker, MD. With $16 million in Investigational New Drug (IND) capital raised during a very tough time for the economy and for life sciences investment in particular, Vicept's prescription cream is an easy fix compared to other rosacea treatments on the market, none of which address the symptom of redness. Laser procedures are considered cosmetic and are not reimbursed by insurance; Oracea, a low dose antibiotic in pill form, affects the whole body and only targets the bumps and pimples, not the redness, according to Walker.

In contrast, Vicept's as-yet unnamed product goes after receptors in facial blood vessels, clamping them down with a vasoconstrictor mechanism and blanching out the redness. Walker is a practicing dermatologist and reports that the active ingredient in the cream has been around since the 1960s, and was originally in Afrin nasal spray.

Vicept has completed Phase 2 clinical studies and is ready to move on to Phase 3 as it continues to move the product along in development, talking with different types of potential partners for distribution both in North America and globally. The fast track company, founded in 2009, has seven full time employees and is nominated for a PACT Enterprise Award this year. Walker says he expects the prescription cream to be available within the next few years.

Source: Neal Walker, MD, Vicept
Writer: Sue Spolan

A South Philly Situation: Street Star's Flashy Fashion a Hit in Reality

There's nothing like a little product placement to set fire to sales figures. When reality sensation Mike "The Situation" Sorrentino donned tops made by South Philadelphia clothing designer Street Star Lifestyle Brand, sales jumped, says founder Bobby Scalia, who personally creates each garment in his father's silkscreen studio on Passyunk Avenue in South Philadelphia.

Designs, some of which are embellished with Swarovski crystals, are flashy and heavy on graphics and text. "I started by accident," says Scalia. "I never meant to get into designing clothing. I am a computer technician." With no formal training, Scalia has created such popular clothing that the company's next step is to cut back on supply, with the goal of creating even more demand and exclusivity. Scalia and partner Jenn Tavares hand pick the boutiques around the US that are authorized to carry Street Star. The full line is also available on the company's website, and online sales have generated an international clientele.

Scalia designs tops for both men and women, introduced a line of studded hot shorts and mini skirts for ladies who can rock that look, and also designs for children under the Charmed & Dangerous label. It all started one day when he was helping out his dad in the silk screen shop and someone came in with a custom order. When word got out, more and more people came looking for Scalia's magic touch. "I started out with tattoo-like stuff and skulls, when Ed Hardy was popular, but I don't want to do that anymore," says Scalia, who's moved on to designs featuring scantily clad women, saints, sinners, crosses, Christ, the devil, the seven deadly sins, and an upcoming series of globally themed tops, each celebrating a country. Street Star is about to add a West Coast rep to the staff, and there's been some interest in getting Scalia himself on TV, who adds, "Everything's going pretty good."

Source: Bobby Scalia, Street Star Lifestyle Brand
Writer: Sue Spolan


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